During my very chilly walk with my dog tonight, I was listening to the Invisible Hand podcast from Heron and Crane. This episode was a review of the book “Liquidated – An Ethnography of Wall Street” by Karen Ho. Quite an interesting interview. Many know about how the people running the big investment banks may have some say in the current economic collapse. This interview actually explores how lessons may not have been learned. And how, for short-term pain, it might be worth revamping the whole retirement system–especially the reliance on owning shares in the stock market. Some interesting ideas, but may be almost impossible to implement.
Overall it gives some insight into the world of investment banking on Wall Street. The podcast is definitely worth a listen.